Indian markets shut for Balipratipada; commodities open only in evening

After the Diwali Muhurat session, Indian equity, F&O and currency markets are closed on October 22 for Balipratipada. Normal trading resumes next session. Commodity exchanges operate only in the evening session, implying thin intraday liquidity and potentially wider bid-ask spreads in global-linked contracts. Brokers expect muted positioning carryover from Muhurat trading, with attention shifting to earnings, IPO listings and post-festival flows. Traders in metals and energy should monitor global cues during the daytime lull and align hedges for the evening re-open.